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PROVX vs. ATVPX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PROVX vs. ATVPX

Last updated Jun 23, 2026

PROVX (Provident Trust Strategy Fund) and ATVPX (Alger 35 Fund) are both Large Cap Growth Equities funds. Over the past 5 years, PROVX returned 7.59%/yr vs 15.33%/yr for ATVPX. A 0.73 correlation means they provide meaningful diversification when combined. PROVX charges 0.93%/yr vs 0.55%/yr for ATVPX.

Performance

PROVX vs. ATVPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Provident Trust Strategy Fund (PROVX) and Alger 35 Fund (ATVPX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PROVX achieves a 3.23% return, which is significantly lower than ATVPX's 21.53% return.

PROVX

1D
-0.61%
1M
-1.17%
YTD
3.23%
6M
2.80%
1Y
22.00%
3Y*
15.98%
5Y*
7.59%
10Y*
13.04%

ATVPX

1D
2.29%
1M
5.53%
YTD
21.53%
6M
19.32%
1Y
51.78%
3Y*
39.17%
5Y*
15.33%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PROVX vs. ATVPX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
PROVX
Provident Trust Strategy Fund		3.23%13.10%19.73%17.59%-22.62%31.96%19.47%14.04%
ATVPX
Alger 35 Fund		21.53%32.51%50.84%31.41%-36.36%10.91%68.05%14.00%

Correlation

The correlation between PROVX and ATVPX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.43

Correlation (3Y)
Calculated over the trailing 3-year period

0.57

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (All Time)
Calculated using the full available price history since Mar 15, 2019

0.73

Over the past year, the correlation between PROVX and ATVPX has dropped to 0.43 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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Provident Trust Strategy Fund

Alger 35 Fund

Often compared with PROVX:
PROVX vs. GXXIXPROVX vs. ANFFXPROVX vs. BPTRXPROVX vs. AMCFXPROVX vs. AULDXPROVX vs. AMRGXPROVX vs. FBCGX
Often compared with ATVPX:
ATVPX vs. AAGOXATVPX vs. PRWAXATVPX vs. ATFVATVPX vs. ALAFXATVPX vs. BIAFXATVPX vs. ELFNXATVPX vs. PGWCX

Return for Risk

PROVX vs. ATVPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PROVX
PROVX Risk / Return Rank: 3434
Overall Rank
PROVX Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
PROVX Sortino Ratio Rank: 4646
Sortino Ratio Rank
PROVX Omega Ratio Rank: 3838
Omega Ratio Rank
PROVX Calmar Ratio Rank: 2323
Calmar Ratio Rank
PROVX Martin Ratio Rank: 2727
Martin Ratio Rank
ATVPX
ATVPX Risk / Return Rank: 5656
Overall Rank
ATVPX Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
ATVPX Sortino Ratio Rank: 5050
Sortino Ratio Rank
ATVPX Omega Ratio Rank: 4949
Omega Ratio Rank
ATVPX Calmar Ratio Rank: 6868
Calmar Ratio Rank
ATVPX Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PROVX vs. ATVPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Provident Trust Strategy Fund (PROVX) and Alger 35 Fund (ATVPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

PROVXATVPXDifference
Sharpe ratioReturn per unit of total volatility
1.67
2.15

-0.47

Sortino ratioReturn per unit of downside risk
2.63
2.73

-0.10

Omega ratioGain probability vs. loss probability

1.30

1.35

-0.05

Calmar ratioReturn relative to maximum drawdown

1.66

3.02

-1.36

Martin ratioReturn relative to average drawdown

5.90

10.10

-4.19

PROVX vs. ATVPX - Sharpe Ratio Comparison

The current PROVX Sharpe Ratio is 1.67, which is comparable to the ATVPX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of PROVX and ATVPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PROVX vs. ATVPX - Drawdown Comparison

The maximum PROVX drawdown since its inception was -57.65%, which is greater than ATVPX's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for PROVX and ATVPX.

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Drawdown Indicators

PROVXATVPXDifference

Max Drawdown

Largest peak-to-trough decline

-57.65%

-53.35%

-4.30%

Max Drawdown (1Y)

Largest decline over 1 year

-12.54%

-16.74%

+4.20%

Max Drawdown (3Y)

Largest decline over 3 years

-15.92%

-28.19%

+12.27%

Max Drawdown (5Y)

Largest decline over 5 years

-27.48%

-53.35%

+25.87%

Max Drawdown (10Y)

Largest decline over 10 years

-27.48%

—

—

Current Drawdown

Current decline from peak

-2.21%

-0.21%

-2.00%

Average Drawdown

Average peak-to-trough decline

-13.17%

-17.88%

+4.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.52%

4.99%

-1.47%

Volatility

PROVX vs. ATVPX - Volatility Comparison

The current volatility for Provident Trust Strategy Fund (PROVX) is 3.62%, while Alger 35 Fund (ATVPX) has a volatility of 9.01%. This indicates that PROVX experiences smaller price fluctuations and is considered to be less risky than ATVPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PROVXATVPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.62%

9.01%

-5.39%

Volatility (6M)

Calculated over the trailing 6-month period

9.83%

18.51%

-8.68%

Volatility (1Y)

Calculated over the trailing 1-year period

12.45%

23.52%

-11.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.72%

33.61%

-17.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.20%

31.76%

-15.56%

PROVX vs. ATVPX - Expense Ratio Comparison

PROVX has a 0.93% expense ratio, which is higher than ATVPX's 0.55% expense ratio.

Dividends

PROVX vs. ATVPX - Dividend Comparison

PROVX's dividend yield for the trailing twelve months is around 16.27%, less than ATVPX's 17.49% yield.

PositionTTM20252024202320222021202020192018201720162015
ATVPX
Alger 35 Fund		17.49%21.25%0.00%0.00%0.02%36.00%17.24%0.17%0.00%0.00%0.00%0.00%
PROVX
Provident Trust Strategy Fund		16.27%16.80%6.94%4.61%19.17%0.35%9.04%4.40%5.80%1.54%1.92%7.73%

Frequently Asked Questions

PROVX and ATVPX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ATVPX has higher volatility (9.01%) compared to PROVX (3.62%). In terms of maximum drawdown, PROVX dropped -57.65% vs ATVPX's -53.35%.

ATVPX currently has the higher Sharpe Ratio (2.15 vs 1.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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